Kapital Bank

Personal Accident Insurance on Capital Deposit

Insure against the risks of an accident with a Personal accident insurance issued on a capital deposit.

  • Insured Holders of capital deposits
  • Beneficiary Holders of capital deposits
  • The currency of the deposit AZN

Information

Terms
  • Insured: Holders of capital deposits
  • Beneficiary: Holders of capital deposits
  • The currency of the deposit: AZN
  • Amount of deposit: min. 5000 AZN
  • Collateral risks:
    • The death of the insured as a result of an accident
    • Assignment of I degree disability to the insured as a result of an accident
    • Assignment of II degree disability to the insured as a result of an accident
  • Insurance period: The insurance certificate comes into force at the same time with the deposit agreement and is valid for a period of 1 year. (service fee is paid in cash at the box office during the registration)

The insurance product that can be applied by the holders of Capital Deposit guarantees risks such as the death of the insured for any reason, the determination of the I degree of disability as a result of an accident or illness, the determination of the II degree of disability as a result of an accident or illness, the determination of the III degree of disability as a result of an accident or illness. The insurance certificate comes into force at the same time as the deposit agreement and is valid for a period of 1 year. The minimum amount of the deposit is 5,000 AZN. The currency of the savings account is set in AZN. Amount of insurance indemnity In case of death of the Insured for any reason - the amount of insurance indemnity is 100% of the sum insured; If the insured is assigned the first degree of disability as a result of illness or accident - the amount of insurance indemnity is 100% of the sum insured; If the insured is assigned the second degree of disability as a result of illness or accident - the amount of insurance payment is 40% of the amount of debt to be paid for each period; If the insured is assigned a second-degree permanent disability as a result of illness or accident - the amount of insurance indemnity is set at 60% of the amount of debt to be paid for each period.